." ♪ that has been one week since the elementary school massacre in connecticut. the national rifle association talks to just a start today with proposals to make schools safer. james rose in with a lie report . the fiscal cliff fallback plan fails. mr. president of europe. it's your turn o lead. >> the president and congress take action, tax rates will go up on every american taxpayer and devastating defense cuts will go into effect in ten days. how we et their god only knows. lou: chief economist joining us with perspectives on what is next forthe markets, the ♪ ♪ [ male announcer ] they are a glowing example of what it means to be the best. and at this special time of year, they shine even brighter. come to the winter event and get the mercedes-benz you've always wished for, now for an exceptional price. [ santa ] ho, ho, ho, ho! [ male announcer ] lease a 2013 glk350 for $399 a month at your local mercedes-benz dealer. can i still ship a gift in time r christmas? yeah, sure you can. great. where's your gift? uh... whew. [ male announcer ] break from the ho